Media Release – December 13, 2024
Unions warn that Opposition Leader Peter Dutton’s nuclear proposal announced today will drive up power bills and worsen the cost-of-living for working people.
The seven proposed nuclear reactor sites are set to cost Australians at least $331 billion – enough to put solar panels on every roof in Australia ten times over, and still have billions left for schools and hospitals, according to ACTU research.
The Institute for Energy Economics and Financial Analysis estimates that Dutton’s nuclear proposal would increase the average Australian household’s electricity bill by $665 a year. By contrast, Australians with rooftop solar are already saving an average of $1594 every year.
The CSIRO confirmed in their GenCost report this week that nuclear power is at least twice as expensive as renewable energy.
- Read the full release at the ACTU